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Usually, a surety bond or surety is a promise by a person or company (a surety or guarantor) to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to ...
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
1836 marriage bond of Edgar Allan Poe and Virginia Eliza Clemm Poe. A marriage bond was a type of surety bond guaranteeing that two people were legally available to marry each other, free of complications like being legally underage, [1] having too close a genetic relationship, [1] having other extant marriages, etc. [2] A marriage bond is legally distinct from a marriage license or a marriage ...
A deposit bond [1] or deposit guarantee is a type of surety bond, a financial instrument commonly used in Australia for a security deposit as an alternative to cash. Deposit bonds facilitate residential and commercial real property purchases. A buyer can use a deposit bond in the place of cash, by giving the seller a deposit bond at the time of ...
A bail bondsman, bail bond agent or bond dealer is any person, agency or corporation that will act as a surety and pledge money or property as bail for the appearance of a defendant in court. Bail bond agents are almost exclusively found in the United States because the practice of bail bonding is illegal in most other countries.
The court in many jurisdictions, especially states that as of 2012 prohibited surety bail bondsmen – Oregon, Nebraska, Wisconsin, Illinois, Kentucky and Maine [29] – may demand a certain amount of the total bail (typically 10%) be given to the court, which is known as surety on the bond and unlike with bail bondsmen, is returned if the ...
Nicole Kidman is opening up about a treasured memento.. On Thursday, Jan. 30, the actress, 57, appeared on The Late Show with Stephen Colbert and revealed that she bought Bernie Taupin's original ...
This page was last edited on 4 January 2020, at 13:43 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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